Nevada § 104.9304 - Law governing perfection and priority of security interests in deposit accounts

§ 104.9304. Law governing perfection and priority of security interests in deposit accounts

1. The law of a bank's jurisdiction governs perfection, the effect of perfection or

nonperfection, and the priority of a security interest in a deposit account maintained

with that bank, even if a transaction does not bear any relation to the bank's jurisdiction. 2. The following rules determine a bank's jurisdiction for purposes of this part: (a) If an agreement between the bank and the debtor governing the deposit account

expressly provides that a particular jurisdiction is the bank's jurisdiction for purposes

of this part, this article or the Uniform Commercial Code, that jurisdiction is the

bank's jurisdiction. (b) If paragraph (a) does not apply and an agreement between the bank and its customer

governing the deposit account expressly provides that the agreement is governed by

the law of a particular jurisdiction, that jurisdiction is the bank's jurisdiction. (c) If neither paragraph (a) nor paragraph (b) applies and an agreement between the

bank and its customer governing the deposit account expressly provides that the deposit

account is maintained at an office in a particular jurisdiction, that jurisdiction

is the bank's jurisdiction. (d) If neither paragraph (a) nor paragraph (b) nor paragraph (c) applies, the bank's

jurisdiction is the jurisdiction in which the office identified in an account statement

as the office serving the customer's account is located. (e) If none of the preceding paragraphs applies, the bank's jurisdiction is the jurisdiction

in which the chief executive office of the bank is located.